FOX (FOXA) to Release Quarterly Earnings on Wednesday

FOX (NASDAQ:FOXA) will announce its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $1.15 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

FOX (NASDAQ:FOXA) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.24. FOX had a return on equity of 15.81% and a net margin of 5.75%. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the prior year, the business posted $0.48 earnings per share. The company’s revenue was down 8.1% on a year-over-year basis. On average, analysts expect FOX to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

FOX Price Performance

FOXA stock opened at $32.11 on Monday. The firm has a 50 day moving average of $30.47 and a 200-day moving average of $30.41. The company has a current ratio of 2.29, a quick ratio of 2.01 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $15.25 billion, a P/E ratio of 19.00, a price-to-earnings-growth ratio of 0.43 and a beta of 0.77. FOX has a 12 month low of $28.28 and a 12 month high of $35.40.

FOX Dividend Announcement

The company also recently declared a Semi-Annual dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 6th were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, March 5th. This represents a dividend yield of 1.8%. FOX’s dividend payout ratio (DPR) is currently 30.77%.

Wall Street Analyst Weigh In

FOXA has been the subject of several research analyst reports. Macquarie lifted their price objective on FOX from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Rosenblatt Securities reissued a “neutral” rating and set a $34.00 price objective on shares of FOX in a report on Monday, April 15th. TheStreet lowered shares of FOX from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Seaport Res Ptn raised shares of FOX from a “neutral” rating to a “buy” rating in a report on Friday, April 5th. Finally, Wells Fargo & Company dropped their price objective on shares of FOX from $30.00 to $28.00 and set an “underweight” rating for the company in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, FOX presently has a consensus rating of “Hold” and an average target price of $33.40.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution through traditional cable television systems, direct broadcast satellite operators, and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.